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issuings. but i don't think europe will put us in a whole. experts make up only two percent of american gdp. if you see the u.s. banks pull back on lending we'll have problems. >> to victoria's point. then europe and china matter more on the u.s. economy. what do you think? >> i think we were so burned by the 2008 melt down that many people didn't see we overdo the threat on the horizon. victoria is right. it takes a couple of 10ths of a point and we are perilous close to a rescission. i don't think it is a big event. rick, they are worried about the fiscal christs and we have a capitol strike going on. u.s. treasuriers saying we are parking 50 percent of the debt in u.s. backings. isn't that poor of problem. >> we hear the bad news and it makes us nervous . victoria hit the fact on the nose. two percent of the gdp comes from the sales.own yes, recessin highly unlikely. what does worry me. u.s. banks have far more exposure to the european front than we are told. it is a credit crunch we could do without. >> i think mike hasn't heard the news yet. the u.s. housing market bottomed on tuesday
christs and we have a capitol strike going on. u.s. treasuriers saying we are parking 50 percent of the debt in u.s. backings. isn't that poor of problem. >> we hear the bad news and it makes us nervous . victoria hit the fact on the nose. two percent of the gdp comes from the sales. slow down yes, recession highly unlikely. what does worry me. u.s. banks have far more exposure to the european front than we are told. it is a credit crunch we could do without. >> i think mike hasn't heard the news yet. the u.s. housing market bottomed on tuesday . more good news, because costs are low in the u.s. we are bringing manufacturing back to the u.s.. there is a 50-50 chance we'll repeal obama care. >> not a chance. >> greece is about the size of connecticut and maybe it will not affect the u.s. economy. if our banks had taken the time to shore up the balance sheet. you think what matters most is washington d.c. policy. who is going to be elected president is going to matter a lot . what is happening in congress is a big wild card here . europe, i am not as worried about europe. i agree w
in the managed index funds, gus, good to have you on the program, thank you for joining us on the program. >>> thank you. >> so we got the jobs numbers out on friday, the unemployment rate at 8.2%, the number of jobs created, another big disappointment. 80 thousand jobs, what did you expect? and what do you think it tells us about the economy right now. >> well, the adp number came out the day before, people were very excited about the number, which was up. in fact when the labor department number came out it was really off a little bit from where people had previously expected it to be, a little bit of disappointment. it didn't surprise us. we expected weakness throughout the summer, we think the economy will start to improve in the latter part of the year, perhaps the latter part of the third quarter and fourth quarter. >> and as the economy has gotten worse, the federal reserve says we will be there if more stimulus is needed. we saw global moves, the bank of england and china, what is your outlook on the global economy? and is it all up to the feds at this point? >> well, i think it n
in the capital and the u.s. defense secretary says syria is spinning out of control. it was a bomb planted inside the daily meeting of president bashar al-assad's security chiefs. three are known dead including defense ministerdaoud raja, the president's brother-in-law and the feared former head of the military intelligence and hassan turk manny, a former defense minister. others were wounded, most importantly the head of the dictatorship's secret police. syria does not often allow journalists into the country but we have reports tonight from two correspondents who have worked there extensively. elizabeth palmer reporting in london. >> reporter: after a year and a half of slowly escalating conflict, today's bombing is the first time the syrian regime has suffered a truly crushing blow. a funeral for an opposition activists turned to celebration when more is learned the defense minister is dead. across the country in this savage civil war activists celebrated today's bombing because it struck at a hated elite inside the syrian regime. the dead men were like everyone else in the room. >> mastermind
journalists charged today. dan rivers joins us from london to talk about this. dan, they're accused of illegally eavesdropping on the voicemails of some of the world's biggest celebrities, but also a murder victim as well. remind us just how big this case has become. >> reporter: oh, it's become vast. we're only really at the beginning of the legal process here. we've got eight people charged today with hacking phones or commissioning people to hack phones. they include rebecca brooks, one rupert murdoch's most trusted executives, the ceo of news international. her deputy andy colson has been charged with five different counts. he, of course, went on to be a communications director for the british prime minister, so there are political implications. we have a whole slew of other senior journalists on the newspaper who have also been charged. but the victims, we're getting more and more information about the variety of people whose phones it is alleged were intercepted or hacked into. sir paul mccartney, jude law, sigh ena miller, brad pitt, angelina jolie, politicians, sports stars.
>>> on the broadcast tonight, on the record mitt romney sits down with us one-on-one trying to set things straight after an ugly war of words over his business career. chemical weapons on the move in syria. where are they headed and why? u.s. officials are concerned as the violence there explodes. two weeks out and a lot of opening jitters in london. a massive show of force before the games begin. and here at home, growing controversy over those american olympic uniforms made in china. tonight the folks at ralph lauren are announcing a change. and making a difference for children in some of the toughest places on earth. a one woman dynamo still going strong at 90. a one woman dynamo still going strong at 90. "nightly news" begins now. captions paid for by nbc-universal television >>> good evening. mitt romney planned all along to run for president based on his private sector business experience. at the same time the obama campaign has had months to prepare an attack on mitt romney based on just that his private sector business experience. just today this issue and romney's past in
a sign. tell us about the sign. it's an acrho anyone, pray for everyone, rely on god for comfort, always seem faith, you are not alone. we will not live in fear. >> reporter: why did you want to come here and bring the sign? >> we're part of the community. i'm a parent. it could have been my kids. you know, it's the grace of god that my baby's name is not on there. we wanted to show our love and support for our community, and that we are -- we are supportive and not going to let this change us. >> reporter: i think suzanne, that's the spirit i felt. people have been coming by. there's a prior circle going on. people have been coming by, and i've had heard that throughout the community, that people will not give into the darkness of this event, they'll not give into fear, live positively and try to remember the good things about these victims and forget as much as they can about the suspect. suzanne? >> we serb responsibility their efforts 689 jim, thank you so much. >>> new life emerges from the tragedy. even as the victims of shootings struggle how to recover, the wife of one of the vic
santelli at the cme. also with us, paul christopher. ron, i'll start out with you. what do you think the second half of the year will look like? >> a great technical analyst on wall street had talked about the news response syndrome on wall street and today we got bad news across the board. slow down in manufacturing, domestically and overseas. it's held up relative to the past two summers. so i think the bank of england is likely to ease i wouldn't want to bet against central bankers right now. >> the bernanke put is in place. >> paul, you see a better second half, as well. why. >> and we break thagree hat liq force is a positive one. might be a sluggish start to the quarter, but we look for a better end to the second half. >> do you agree with what was just laid out and what's the strategy that you would employ. >> looks like we've got a lot of headwinds facing this economy and this market however we have an awful lot of values. the value is one of thoefs tough things to try to determine. if you look at edward munch's the scream, someone paid $10 million worth of that. i wouldn't p
's all for us tonight. >>> welcome, everyone. tonight, a keeping them honest special. an investigation into charity cheats. when you open your heart and your wallet to help a charity, how do you know your money will be put to good use? in the next hour, we're going to bring you drew griffin's investigation of the charities accused of collecting millions of dollars in donations and not spending it where donors expect it. one of the charities under scrutiny is called the disabled veterans national foundation. that's their logo, looks very official. dvnf. there is no sign that any of the cash donations, $56 million they have raised over three years, went directly to the men and women who sacrificed so much in war zones, not one dime. because of drew's reporting, the senate finance committee is demanding answers from the dvnf. more on that tonight. drew also uncovered yet another veterans charity called the national veterans foundation, which is taking donations, but using only a very small percentage to actually help vets. there are also charities that claim to help abandoned animals but
dozens of u.s. military bases and strike israel within minutes. this coming from a general in iran's revolutionary guard. cons week, their military carrying out large-scale war games. they are testing a medium range missile on mockups of american bases. and while iranian military leaders claim they could hit american targets within about 1300 miles, the defense experts say iran's military is no match for the u.s. of course, iran and much of the west have been in a diplomatic standoff over that nation's nuclear program. the iranians claiming the program is for peaceful purposes but many around the world doubt it. and another threat, which we have heard before, iran now saying it will stop certain oil tankers in the strait of hormuz, which would effect the delivery of one fifth of the world's oil supply. the u.s. already moving military assets to that region to counter any potential attack. jennifer griffin live with the news in washington tonight. jennifer, how seriously is the pentagon taking this latest threat to hit our bases? >> well, they're mindful, harris. this is the third d
though it can typically go further, up to 1200 miles. the u.s. has been positioning patriot missile batteries across the region to protect their bases, harris. >> well, which western targets are most at risk at this point? >> well, there is the fifth fleet base in bahrain and united arab emirates and qatar. 30,000 u.s. troops in the gulf. the commander of revolutionary guards aerospace division said today quote, these bases are all in range of our missiles and the occupied lands. he was referring to israel are also good targets for us. western oil tankers are also targets, especially u.s. and european flag tankers making their way through the strait of hormuz. iran has threatened to target anyone oil elm bar go that began on july 1st. today we heard that kenya is canceling agreement to buy 4 million tons of crude a year 40 billion a day in light new sanctions, harris. >> harris: diplomatically along what they have said stick to the sanctions to keep them to work. one agency breaking saxes to iran. >> eu sanctions. and we're now learning that a wing of the u.n. that is responsible fo
joins us. "starting point" begins right now. welcome, our starting point this morning, new details coming to us about what was inside the apartment of the aurora colorado shooting suspect's home, after his bizarre appearance in court yesterday. cnn has new information, a law enforcement official who viewed videotape taken inside the apartment says this, mess of wires looked like spaghetti and it was rigged quote, right. if police hadn't dismantled the explosives the entire floor could have been consumed by flames before the first fire truck arrive. the aurora police found 30 improvised explosive devices surrounded by gas containers of gasoline. the gasoline was meant to enhance the effects of the blast. all of that brings us right to jim spellman. he's standing outside the theater. we can see the neon sign behind you. let's talk first about this video. i know it's black and white. what more can you tell us? >> yeah, police describe this whole apartment as being designed to kill. all rigged up to a trip wire at the front door. it took them almost two days before they could figure ou
crime in chicago is down, and so is crime nationally. the police here tell us that july is the worst month for murders, saturday the worst day, 9:00 p.m. to 10:00 p.m. the worst hour. today the mayor announced a new attack on gangs and we'll have our interview with the mayor in just a moment. but we'll start with this last weekend. 17 new shootings, and dean reynolds was at the hospital to meet them. >> reporter: at the cook county trauma unit in chicago's strojer hospital, one ambulance after another delivers victims of the gang violence that just won't stop. >> we'll be doing a whole bunch to you right now. >> reporter: this unit treats about 1,500 gunshots and stabbings a year. >> stop that! >> reporter: in the first six months of this year, chicago had 22% more murders than new york, a city with five and a half million more people. >> we have to assume the worst case. >> reporter: in the midst of the mayhem is dr. fred starr, who was in charge of the unit this weekend. >> i've seen more people probably this year who have been caught in the cross fire or caught a stray bullet and
. and bob costas will be with us to talk about the fallout. >>> nbc news exclusive, richard engel inside syria with survivors who lived to tell of an unimaginable day. >>> hidden risks. millions of american men have been using it to grow hair, but tonight an alert about propecia, serious side effects that could be permanent. >>> and rock of ages. they've been playing hard since jfk was in the white house. tonight mick and keith and company actually take time to reflect on 50 years as the stones. "nightly news" begins now. >> announcer: from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. penn state may never ever recover from this. in case you had any doubt about the impact of the child sex abuse scandal that's enveloped one of the once great names in college sports, today made it crystal clear when the report came out from louis freeh, former head of the fbi, saying some powerful campus leaders showed a total and consistent disregard for abuse victims while protecting other big names on campus versus the rights of powerless vict
for us tonight. ac "360" starts now. >>> from cnn world headquarters in atlanta, this is "early start weekend." >>> the largest mass shooting in u.s. history. a gunman opens fire in a colorado movie theater, wounding 58, killing 12. and we can now tell you two more of their names. >> he had his hair painted red. he said he was the joker. #. >> new details revealed about the suspected shooter. he lived alone, kept to himself. but james holmes was also a one-time ph.d. canned tate and an honor student. more on the man now in custody. plus -- >> i personally have never seen anything like whathe pictures show us is in there. >> trip wires, gas canisters, booby-traps. an apartment so dangerous law enforcement still can't get inside. we'll take you live to the suspect's building. it's saturday, july 21st. good morning, everyone. i'm gary tuchman. a little over 24 hours ago the nation first heard the news. a shooter opened fire inside a crowded theater. 12 people dead, 58 others injured. as many as 11 of those are in the hospital in critical condition. we'll get you out to the scene in just
been kidnapped in that area this year. the u.s. embassy in cairo saying we are in close touch with the egyptian authorities who are doing everything they can to bring about the safe release of the american tourists. joining me from jordan is elise. good morning. tell us what is different about this kidnapping than the others we have seen this year. >> reporter: yes, randi. the reason it's different is this time the kidnappers are usually doing these kind of things for money. this time, they have an agenda. they have relatives that have been detained on drug charges and they want to let them go. it's more complicated than getting that money to them. they get released right away. this time, it's more complex. >> they are making specific demands to have their relatives released? >> specific demands to have relatives released. the americans are saying they are working with the egyptian authorities, but they have their own laws. a lot of times, you don't negotiate with kidnappers or those kind of people. it's more complex than just giving them their money and letting the people go.
have new reports of the deaths related to the heat wave. what can you tell us. >> hi, harris. at least two dozen people have died as a result of the scorching heat wave. 10 people died in the state of the illinois. and four people in the city of chicago and nine people died in the state of maryland it is hot, it is dangerously hot. here in washington dc, regan international airport hit 105 degrees today. and first time it was that hot since 1930. that was an all-time record high of 60 degrees. as for the palace situation in the midatlantic states. just under 9,000 people are still without power and air conditioning more than one week after the powerful thunderstorms came through . most are in the baltimore maryland area hit 102 degrees today. harris? >> molly, for some people it is it a full-time effort to cool off in the coling centers. how are people coping . >> as best they can. it is hot in the shade today. it hit 114 in the shade and we had the thermometer by us all day. it is cooling down and 99 and half degrees at 7 o'clock in thining and it is all relative when it is that hot.
, christine romans has that for us. >> moupting concern in the u.s. and israel about chemical weapons possibly entering the fray in syria, fierce fighting continuing overnight in city of alep po, the assad regime clinging to power this morning. here's the development that's getting attention, a spokesman publicly threatening to deploy chemical weapons against any foreign intervention. it's a threat senator john mccain is taking seriously. >> there is a danger of chemical weapons that are presently under bash ar al assad's control from flowing to hezbollah, presenting a grave threat to the security of israel. >> president obama warning the assad regime it would be a tragic mistake to use chemical weapons, promising syria will be held accountable if it does. >>> a new era for penn state's football program after a massive punish from the ncaa. they leveled a $60 million fine, imposed a four-year boan own postseason activity and stripped the school of scholarships and football victories for the last 14 seasons. penn state says it won't fight the stiff sanctions. we'll heard from mike and mike in t
? joining me now with answers, tom lee, j.p. morgan's strategist, thank you for joining us. >>> thank you. >> what is your take on the earning season so far? tell me how your clients are viewing it and what people are doing with their money these days. >> okay, well, clients are nervous about money these days, they're hearing europe slowing, china, big announcements. it turned out to be a lot better than expected. if you look at sort of bottom line numbers, about 60% are beating on earnings. that is a really good statistic, but only from the% are beat -- 40% are beating on revenue and margins. >> why is it? >> slowing. >> do you still see a risk of partners, adversity, what are they doing? >> actually, i was just in boston this week, they are very, very cautious, they look at europe. they don't think things have improved. the fiscal cliff is a big discussion now. and china, they're frustrated because the stock market has continued to really push towards new highs. >> interesting, even though the back drop is what -- somewhat weak, the market is -- >> i think something that is a good leadi
with women. it is necessarily to speak, it is necessary to give a man to speak with us vernlthsz i want to explain how we got here. mali is in the middle of a war that the world needs to watch. the it began when the united states and nato intervened in libya. when the weapons were stolen by islamic radicals. the tour egg used the weapons to fight and declare independence from mali. the country was split in half. the mali government with only about 37,000 troops couldn't stop them, and frustrated by that failure, some commanders staged a koup. mali fell into complete disarray and that's when islamic radicals seized the moment. person after person here has told us they've seen fighters from the middle east. the islamic radicals kept in and kraushd the tour egg. they have many more weapons. 340u7b9 mounted on the back of 4 x 4s. the radicals use those weapons to destroy historic shrines. they say the consequences of the world letting this convinces grow bigger and bigger are dire. >> translator: the actions of the terrorists have direct convinces for europe and the united states. >> i can
heart and wallet to help a charity, how do you know your money is going to be put to good use? drew griffin investigated charities and not spending where donors expect tmt one of the charities under scrutiny is squall called dvnf. there's no sign that the cash donations, more than $56 million over three years, went directly to the men and women who sacrificed so much in war zones. not one dime of that money. the senate finance committee is demanding money from the dvnf. they have launched an investigation into its practices. more on that tonight. drew also uncovered the national veterans foundation, which is taking donations but using only a very small percentage to actually help vets. there are also charities that claim to help abandoned animals but the money trail led somewhere else entirely. baghdad pups is used to reunite military animals but they don't do that at all. in the montreal spca, a canadian charity, received about $13 million in donations over three years but despite all of that money, they've ended up in the hole more than $4.5 million. all of these charities have on
not updated his own. do you own an ipod? >> i do have a cell phone. >> and tom brokaw tells us about billy fisk, an american olympic champion with a lot of fans here in great britain because of something he did during the darkest hours of world war ii. >>> also tonight, a week after the tragedy in colorado, the lessons that a terrible massacre might have taught us all. >> at the end of this, this could be hundreds of thousands of dollars, if not millions of dollars. >> for one patient? >> for one patient. >> that and more as "rock center" gets under way from london. good evening. we are coming to you tonight from tower bridge in london as we prepare to cover the start of the summer olympic games. our preview begins a bit later on in this hour because we begin back home tonight with the tragedy that americans just can't shake -- the awful massacre at that movie theater in aurora, colorado. it was exactly a week ago tonight, in fact. 12 dead, 58 wounded and a dozen people are still in the hospital. and this is where the colorado tragedy merges with another story we have covered so much. many
will use it as a healing opportunity and a chance to really show solidarity. on an individual basis, today they have grief counseling at a pair of high schools to help people process the trauma. >> jim, i feel so bad fort families of those who lost loved ones. the bodies were in the theater for so long and weren't given the exact word if it was their laughed ones. finally they got the word last night. have the bodies been removed? >> yeah. around 5:00 last night they were able to get all the bodies out of there. it takes a long time for the coroners to come in and the crime scene investigators to come in and process these sites. i know it was very important to the police to make that notification. you be imagine with that many -- that much of a huge shooting site, that many bullets, that many shell casings, what a site that must be to process. >> jim, are police still inside the theater investigating? >> yeah. there's still police over there for sure. the adjoining shopping area, they actually plan on reopening today. the movie theater itself still roped off. still police in there doing th
a million people still without power in the eastern u.s. at an american apology to pakistan helps to ease the burden on troops in the region. >>> i'm jeff glor. a jetblue pilot who caused a mid flight -- is found not guilty by reason of insanity. >>> first as we do every morning, we begin with a look at today's eye-opener. your world in 90 seconds. >> it's a huge mess. >> utility crews scramble. >>> people still have no power. >> as heat bakes the nation. >> heat advisories for the fourth of july holidays. >> feeling like 100 degrees. >> it's 104 in the shade right now. >> you stay inside. >> it's a hardship. >> breaking news overnight. a fast moving wildfire is burning in rural ranchland north of los angeles. >> in colorado air force tanker planes are back in the air to fight a slew of dangerous wildfires. >> you don't get much better than that. >>> a dozen people were injured in an accident in new hampshire. fireworks set a deck on fire filling a crowded home with flames. >> when the fireworks exploded it took off the porch and a portion of the house. >>> they u
of homicides hit u.s. cities. chicago compared to afghanistan while a rash of shootings rattle afghanistan. later, a shocking death among the hollywood elite. sage stallone dead at 36. >>> it is saturdays, july 14. good morning. glad you are with us. i'm randi kaye. it is early. hopefully your kids are tucked in bed sleeping like angels. it's what one tennessee woman was hoping for when she adopted a little boy from russia. he was a 7-year-old boy that his mother decided he was mentally unstable. she put him on a plane and returned him like a pair of pants that didn't fit. she was not aware of his mental condition. now, a tennessee judge ordered the mother in this case to pay for the boy's care in russia since legally, she's considered to be his mother. she has to pay $150,000 in back support and fees plus, $1,000 a month until he's 18. he's ten, so it will amount to $246,000, to be exact. the boy wanted to will her. the adoption agency says the boy was not olent. here is my talk back question for you. do you think the mother should have to pay for the boy? should she pay more, less or not
on the run. how much longer can the regime hang on? >>> u.s. flight schools still flying under the f.a.a.'s radar nearly 11 years after 9/11. a big investigation involving suspicious foreign students and illegal visas. >>> does this u.s. olympian have a prayer of winning the marathon? you may believe he's destined for gold when you find out who his coach is. >>> we begin with a natural disaster of epic proportions. that's what the governor of illinois is saying about the historic drought are a advantaging his state. along with 25 others across the country. look at this map. you can see how widespread the bone dry conditions are. last time it was this bad, 1956. rob marciano is in the middle of the hardest hit area in indiana. the corn crop is hit especially hard. >> yeah. the corn belt getting hit with not only drought but heat. obviously the heat exacerbates the drought a little bit. you get the string of 100-plus days like they have had in the past month it makes things so much worse. just yesterday, indianapolis hit 101. yet another record. the last 46 days, the driest on record i
as they try to get off are pretty horrifying. they saw the worst of human nature some people told us. people, men shoving women and children out of the way in an effort to get into life rafts. they also say they saw the best in human nature for people trying to do their best. the violinist tried to save as many kids as he could. he ended up dying because of his efforts to save children. >> i'm really looking forward to this piece tonight. thanks so much. a reminder to our viewers that your special runs tonight. it's cnn presents cruise to disaster. 8:00 eastern time. some exclusive new images and details. make sure you tune in. >>> top of the hour now. i'm ashleigh banfield. i'm standing in for brooke baldwin. this is one of the hottest 4th of julys on record. it is steaming out there. extreme heat paralyzing much of the midwest and all the way up to the dakotas too. the heat index racing up into the 115s. the death toll from the heat and related storms now reaching 20. the virginias, in particular, having a terrible time. in some cases police are having to hand out ice. hundreds of thousand
that they would close some of the loopholes that benefit some of the wealthiest americans. and, mitt, could use this as a chance to show how generous you are. it is true that mitt romney gave $7 million to chair i in the two years that i held up. 2010 and 2011. that's 16.34% of his income. it is more than he paid in federal taxes. now, keep the screen up. it's not like he sat there and hoarded the money he didn't pay to uncle sam. he gave enough away to make his rate 31%. greater than the 30% that president barack obama says should be the minimum rate for wealthy americans. so if you look at it that way, mitt's taxes seem to add up just fine. key make the argument that's why he should seize the narrative. it isn't caving to democrats to release them. not only have many in his oem party called on him to do it, it also lets him take control of the conversation. what's wroen with being known as one of the most generous people in the country? great to see all of you. john, let me start with our strike team question. independent political analysts. we polled them and said is mitt romney hurting hims
, the chief of the federal reserve, got more negative on the state of the u.s. economy. >> given that growth is projected to be not much above the rate needed to absorb new entrance into the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow. >> so what's the solution? well, in note after note from wall street economists and traders today, i read something along the lines of this. bernanke will launch another round of easy money to help the economy. it will bring interest rates even lower. it's just a matter of time, he'll do it, he'll do it, don't worry. that's the kind of talk the addicts use. yearning for more of his powerful drug, which is essentially just cheap, easy money. so many were hoping for another shot of the goods today, but while the fed chairman painted a darker picture of the economy, he also made it clear he is not ready -- not ready to hit us with another round of easy money, at least not yet. >> we are looking for ways to address the weakness in the economy, should more action be needed. >> now ben bernanke also said, quote, congress
is not ready -- not ready to hit us with another round of easy money, at least not yet. >> we are looking for ways to address the weakness in the economy, should more action be needed. >> now ben bernanke also said, quote, congress is in charge here. not the federal reserve. and that congress needs to reach an agreement to avoid the fiscal cliff. well, of course, we've joined that chorus until we've been blue in the face over the past year. but the problem, of course, is that congress does not seem to have any intention of dealing with the tax cuts, debt ceiling, sequestration cuts, the things that comprise the fiscal cliff. congress seems to be incapable of doing its job, something that chuck schumer admitted at the hearing today. >> so given that the political realities, mr. chairman, particularly in this election year, i'm afraid the fed is the only game in town. and i would urge you to take whatever actions you think would be most helpful in supporting a stronger economic recovery. >> i like watching ben bernanke's face. he looks down as if his heart has been bron. he could cave. he c
indication for two months. that means certain things, and what's interesting to us, we have been saying that europe was the key for financial stocks because -- if we had the confidence for 40 years in the u.s., i have beenble to play the fed, when the fed loosened up, we were confident that the economy would come back because people knew what the numbers were. not so sure that china comes back as quickly as the u.s. did when the central bank of china loosens up. >> so china is a bigger unknown. let's talk about this. this fiscal cliff when the bush tax cuts expire along the programs at the end of the year, and that will push companies to fire people. they will not keep the workers on. so what do you think happened? you have to believe this creates real volatility and downward pressure on stocks. >> i think what's going on right now about this cliff is not anything real. it's politically driven and ron has it right. the only thing both sides of the aisle have done is decide not to raise taxes, but the whole argument is disingenuous. this is the fax code and they play a head game with us
it provided more than $838,000 in gifts in kind to u.s. vets. a charity in arizona. u.s. vets showed us what actually was sent. 20 pairs of men's football pants, more than 100 chefs coats, 125 chef's aprons. a needle point design pillow case. two pages worth of stuff the director told us, we don't need. and take a look at what showed up at the st. benedicts veterans center in birmingham, alabama. the modest shipment included some useful items. 2300 disaster blankets good for a couple day's use and some cleaning supplies. but it also included this. >> they sent us 2600 bags of cough drops and 2200 little bottles of sanitizer and 11,520 bags of coconut m and ms and didn't have a lot of use for 11,500 coconut m and ms. >> here's what they posted on their website about the work they were doing in alabama. >> we send by the truckload items that these shelters say they need desperately. >> for our veterans that have given so much to our country and now need our help. >> great sound bite. >> did they ever ask you what you wanted? >> no. they always call and say, we've got a truckload coming. >> eve
in a meeting of cabinet ministers that was set off by remote control. u.s. defense secretary leon panetta reacted with this. >> the violence there has only gotten worse and the loss of life has only increased, which tells us that this is a situation that is rapidly spinning out of control. >> ivan watson joining us now. how do you react to exactly what leon panetta said with regard to spinning out of control and now the impact of assad's defense chief and brother-in-law being killed? >> well, the new noose is clear tightening. in one fell swoop at least four of his most senior security and defense officials killed by what syrian state media says was a suicide bombing. not only was the defense minister, the interior minister and a security adviser, but also as you mentioned a member of his inner circle, his family. his brother-in-law himself, assef shawkat. what's more important is aside from there having been incredible intelligence and security failure on the part of the top people in his security apparatus, at the same time you have had at least three days of fighting in the streets of
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